Solar PV + boost Irrigation

KERC Tariff Order may create an Economic Harakiri for DISCOM and hence to the state's exchequer, as the Tariff proposed with AD benefits is all time high of Rs. 8.4/kwh for solar plants and Rs.9.56/kwh for roof top PV, which is almost double the Tariff of MNRE's suggested business models. Please note that Central Government is providing financial assistance in a more inappropriate and quick way, which killed many Biomass power plants (after sucking the Capital Subsidy), thus, i expressed my views against VGF+AD route or VGF route.

Flawed policy / Vision which needs correction: Proposing high interest rate to arrive at the KERC or State Regulator's Tariff and then seeking EXIM bank or such FI support with less interest rate loans + FREE EQUITY through AD benefits and then earning high ROE on the tax saved (which is government money), the wind fall gains will be high and the Common Man / Nation's Economy is the sufferer.

Possible Solution for the effective implementation of Solar PV with a future eye on CPV or improved cell technology Through Interest subsidy:

Please note that FICCI had already written to the Prime Minister of INDIA, to provide low cost debt through NCEF, Green Cess funds etc. If we take out small portion of Kerosene subsidy (rs.90,000 crore/year is being doled out), rural development funds, minor irrigation funds, MSME support funds, kfw funds, JBIC funds, IREDA funds and many other subsidy rearrangement, we can easily provide this low cost debt fund to reduce the CAD due to Diesel, Coal usage by promoting Solar PV projects. HENCE I REQUEST a provision for a tariff order through Interest subsidy route in the KERC Order.

Interest subsidy model (this is a state or Central government assistance for its overall and inclusive growth), which burdens less to the State Government and provides an access to many new generation entrepreneurs with mentoring to develop their region with the sense of nationalism with good governance as the project ownership happens only after debt repayment, thus, quick selling of the project after taking VGF or Capital Subsidy or AD will not happen and we will find only serious and real power generation companies or new entrepreneurs in the power sector field and hence service to the Nation through good policy making, monitoring, control and Good Governance for the Overall Growth of the State.

AD promotion is not a level playing field apart from Tax loss to the Government.

My strong suggestion: Abolish Accelerated Depreciation, VGF, Capital subsidy, instead provide only Interest subsidy with 100% debt fund from debt syndicate (to hold control stakes till 12 to 15 years debt repayment period and serve the nation without early exit plans) to have energy tariff at rs.5.9/kwh, to create large number of new generation Entrepreneurs with a good level playing field and if you wish to know more, please feel to write to me.

If we can't abolish, then, there shall be a provision for the Interest subsidy route in the tariff order with less tariff, so that, interested project developers with International Debt syndicate can bring an economic revolution to develop Solar PV + boost Irrigation + Create First generation Entrepreneurs + Rural Jobs + Increase of Rural GDP while increasing the Tax Collection by abolishing the Accelerated Depreciation !!, while being dedicated to the power generation with innovative ideas / technical solutions.

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